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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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Stage Stores is planning to increase the size of its asset-based revolver from $175 million to $250 million, according to Michael McCreery, executive v.p., cfo and secretary of the Houston-based company.
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UBS has been selected for the sole bookrunner spot over Credit Suisse First Boston on a $170 million credit for Basic Energy Services, a portfolio company of the CSFB Private Equity arm, according to a market source.
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Credit Suisse First Boston and UBS are slated to lead the financing package that backs the $420 million acquisition of FTD by Green Equity Investors, an affiliate of merchant banking firm Leonard Green & Partners, said John Baumer, partner.
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Bank of America and UBS are poised to launch syndication tomorrow afternoon of a $165 million facility to back private equity firm Bain Capital's $440 million buyout of Keystone Automotive Operations.
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The Scotts Company has been turning heads in the loan market after $1 billion is reported to have been committed to a $550 million pro rata.
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Investors oversubscribed to the $150 million "B" loan for Buckeye Technologies last week, resulting in a 50 basis point decrease in price talk on the tranche ahead of the bank meeting scheduled for tomorrow.
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Citigroup and Bank of America netted two senior managing agents last week after launching syndication late last month to pro rata players for the $1.65 billion credit backing the buyout of Ondeo Nalco (LMW, 9/29).
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NUI Utilities has entered into a letter of intent with a third-party lender for a $50 million unsecured credit to fund its short-term needs as parent NUI Corp.'s board of directors pursue the sale of the company, said Linda Lennox, director of investor relations.
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